Security Federal (Security Federal) Accounts Receivable : $6.03 Mil (As of Mar. 2024)

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What is Security Federal Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Security Federal's accounts receivables for the quarter that ended in Mar. 2024 was $6.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Security Federal's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 45.98.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Security Federal's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-220.62.

Security Federal Accounts Receivable Historical Data

The historical data trend for Security Federal's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Security Federal Accounts Receivable Chart

Security Federal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.40

3.50

3.75

4.81

5.51

Security Federal Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															5.36	5.00	5.40	5.51	6.03

Security Federal Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Security Federal Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Security Federal's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.028	/	11.964	*	91
=	45.98

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Security Federal's accounts receivable are only considered to be worth 75% of book value:

Security Federal's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(627.594	+	0.75 * 6.028	+	0.5 * 0	-	1343.645
-	0	-	0)	/	3.22512
=	-220.62

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Security Federal Accounts Receivable Related Terms

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Security Federal (Security Federal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security Federal Corp (OTCPK:SFDL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 810, Aiken, SC, USA, 29802

Website

https://www.securityfederalbank.com

Security Federal Corp and its subsidiaries are involved in the business of providing commercial and personal banking services as well as auto, business, home, and health insurance. The primary business of the company is to accept deposits from the general public and originate commercial real estate loans, commercial business loans, consumer loans as well as mortgage loans to buy or refinance one-to-four family residential real estate. It also originates construction loans and loans for the acquisition, development, and construction of residential subdivisions and commercial projects. The bank also operates Security federal trust and investments that offer trust, financial planning, and financial management services.

Executives

J Chris Verens	director, officer: President	P O BOX 810, AIKEN SC 29802
Nathan Crowe	officer: Chief Accounting Officer	238 RICHLAND AVENUE NORTHWEST, AIKEN SC 29801
Darrell R Rains	officer: Chief Financial Officer	P.O. BOX 15367, AUGUSTA GA 30909
Philip R. Wahl	director	238 RICHLAND AVENUE NW, AIKEN SC 29801
Toole Frampton W. Iii	director	238 RICHLAND AVENUE NW, AIKEN SC 29801
Robert E Alexander	director	P O BOX 810, AIKEN SC 29802
Richard T Harmon	director, officer: Exec. VP and CLO of the Bank	238 RICHLAND AVENUE WEST, AIKEN SC 29801
Toole Gasper L Iii	director, officer: VP	P O BOX 810, AIKEN SC 29802
Jessica T Cummins	officer: Chief Financial Officer	238 RICHLAND AVENUE WEST, AIKEN SC 29801
Thomas Lucius Moore	director	P O BOX 810, AIKEN SC 29802
Thomas Francis M Jr	officer: Senior VP	P O BOX 810, AIKEN SC 29802
William Clyburn	director	P O BOX 810, AIKEN SC 29802
Roy G Lindburg	officer: Treasurer/CFO	P O BOX 810, AIKEN SC 29802
Frank M Thomas	director	PO BOX 810, AIKEN SC 29802
William Barry Adams	director, officer: Exec. VP-Security Federal Bank	P.O. BOX 810, AIKEN SC 29802